CARRIER GLOBAL CORP (CARR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:CARR • US14448C1045

61.2 USD
+0.84 (+1.39%)
At close: Feb 3, 2026
61.2 USD
0 (0%)
After Hours: 2/3/2026, 5:05:31 PM
Fundamental Rating

4

CARR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 industry peers in the Building Products industry. While CARR is still in line with the averages on profitability rating, there are concerns on its financial health. CARR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • CARR had positive earnings in the past year.
  • In the past year CARR had a positive cash flow from operations.
  • In the past 5 years CARR has always been profitable.
  • Each year in the past 5 years CARR had a positive operating cash flow.
CARR Yearly Net Income VS EBIT VS OCF VS FCFCARR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

1.2 Ratios

  • CARR has a better Return On Assets (10.46%) than 71.43% of its industry peers.
  • The Return On Equity of CARR (27.45%) is better than 83.33% of its industry peers.
  • CARR has a Return On Invested Capital of 5.09%. This is in the lower half of the industry: CARR underperforms 73.81% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CARR is below the industry average of 12.68%.
Industry RankSector Rank
ROA 10.46%
ROE 27.45%
ROIC 5.09%
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
CARR Yearly ROA, ROE, ROICCARR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • The Profit Margin of CARR (18.05%) is better than 92.86% of its industry peers.
  • CARR's Profit Margin has improved in the last couple of years.
  • CARR's Operating Margin of 11.00% is in line compared to the rest of the industry. CARR outperforms 45.24% of its industry peers.
  • In the last couple of years the Operating Margin of CARR has declined.
  • Looking at the Gross Margin, with a value of 27.36%, CARR is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • CARR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11%
PM (TTM) 18.05%
GM 27.36%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
CARR Yearly Profit, Operating, Gross MarginsCARR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CARR is destroying value.
  • The number of shares outstanding for CARR has been increased compared to 1 year ago.
  • The number of shares outstanding for CARR has been increased compared to 5 years ago.
  • CARR has a better debt/assets ratio than last year.
CARR Yearly Shares OutstandingCARR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
CARR Yearly Total Debt VS Total AssetsCARR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • CARR has an Altman-Z score of 2.58. This is not the best score and indicates that CARR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • CARR has a Altman-Z score of 2.58. This is in the lower half of the industry: CARR underperforms 64.29% of its industry peers.
  • The Debt to FCF ratio of CARR is 8.45, which is on the high side as it means it would take CARR, 8.45 years of fcf income to pay off all of its debts.
  • CARR has a worse Debt to FCF ratio (8.45) than 64.29% of its industry peers.
  • A Debt/Equity ratio of 0.78 indicates that CARR is somewhat dependend on debt financing.
  • CARR has a worse Debt to Equity ratio (0.78) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 8.45
Altman-Z 2.58
ROIC/WACC0.6
WACC8.53%
CARR Yearly LT Debt VS Equity VS FCFCARR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.3 Liquidity

  • A Current Ratio of 1.14 indicates that CARR should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.14, CARR is not doing good in the industry: 90.48% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.75 indicates that CARR may have some problems paying its short term obligations.
  • CARR has a Quick ratio of 0.75. This is amonst the worse of the industry: CARR underperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.75
CARR Yearly Current Assets VS Current LiabilitesCARR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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4

3. Growth

3.1 Past

  • The earnings per share for CARR have decreased by -0.36% in the last year.
  • The Earnings Per Share has been growing by 20.27% on average over the past years. This is a very strong growth
  • Looking at the last year, CARR shows a very negative growth in Revenue. The Revenue has decreased by -22.93% in the last year.
  • CARR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.86% yearly.
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.59% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.00% on average over the next years.
EPS Next Y-4.02%
EPS Next 2Y3.65%
EPS Next 3Y6.52%
EPS Next 5Y11.59%
Revenue Next Year-4.07%
Revenue Next 2Y-0.53%
Revenue Next 3Y1.33%
Revenue Next 5Y5%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CARR Yearly Revenue VS EstimatesCARR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B 25B
CARR Yearly EPS VS EstimatesCARR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.01, CARR is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of CARR is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 28.41, CARR is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 20.34, CARR is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CARR is on the same level as its industry peers.
  • CARR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.64.
Industry RankSector Rank
PE 22.01
Fwd PE 20.34
CARR Price Earnings VS Forward Price EarningsCARR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • CARR's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CARR is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 36.53
EV/EBITDA 16.62
CARR Per share dataCARR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.09
EPS Next 2Y3.65%
EPS Next 3Y6.52%

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5

5. Dividend

5.1 Amount

  • CARR has a Yearly Dividend Yield of 1.61%.
  • CARR's Dividend Yield is rather good when compared to the industry average which is at 0.68. CARR pays more dividend than 85.71% of the companies in the same industry.
  • CARR's Dividend Yield is comparable with the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.61%

5.2 History

  • CARR has been paying a dividend for over 5 years, so it has already some track record.
  • CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
CARR Yearly Dividends per shareCARR Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 18.56% of the earnings are spent on dividend by CARR. This is a low number and sustainable payout ratio.
DP18.56%
EPS Next 2Y3.65%
EPS Next 3Y6.52%
CARR Yearly Income VS Free CF VS DividendCARR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B
CARR Dividend Payout.CARR Dividend Payout, showing the Payout Ratio.CARR Dividend Payout.PayoutRetained Earnings

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CARRIER GLOBAL CORP

NYSE:CARR (2/3/2026, 5:05:31 PM)

After market: 61.2 0 (0%)

61.2

+0.84 (+1.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)10-28
Earnings (Next)02-05
Inst Owners87.14%
Inst Owner Change-2.23%
Ins Owners6.1%
Ins Owner Change1.61%
Market Cap51.54B
Revenue(TTM)22.06B
Net Income(TTM)3.98B
Analysts78.06
Price Target72.36 (18.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
Yearly Dividend0.78
Dividend Growth(5Y)N/A
DP18.56%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.53%
Min EPS beat(2)-0.24%
Max EPS beat(2)15.31%
EPS beat(4)3
Avg EPS beat(4)7.55%
Min EPS beat(4)-0.24%
Max EPS beat(4)15.31%
EPS beat(8)6
Avg EPS beat(8)5.54%
EPS beat(12)9
Avg EPS beat(12)4.93%
EPS beat(16)13
Avg EPS beat(16)6.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)-1.67%
Revenue beat(4)0
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4%
Revenue beat(12)2
Avg Revenue beat(12)-2.9%
Revenue beat(16)4
Avg Revenue beat(16)-2.03%
PT rev (1m)-1.46%
PT rev (3m)-5.45%
EPS NQ rev (1m)-6.85%
EPS NQ rev (3m)-29.22%
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)-1.64%
Revenue NQ rev (3m)-5.61%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-1.42%
Valuation
Industry RankSector Rank
PE 22.01
Fwd PE 20.34
P/S 2.34
P/FCF 36.53
P/OCF 27.29
P/B 3.55
P/tB N/A
EV/EBITDA 16.62
EPS(TTM)2.78
EY4.54%
EPS(NY)3.01
Fwd EY4.92%
FCF(TTM)1.68
FCFY2.74%
OCF(TTM)2.24
OCFY3.66%
SpS26.19
BVpS17.23
TBVpS-9.18
PEG (NY)N/A
PEG (5Y)1.09
Graham Number32.83
Profitability
Industry RankSector Rank
ROA 10.46%
ROE 27.45%
ROCE 8%
ROIC 5.09%
ROICexc 5.34%
ROICexgc 23.15%
OM 11%
PM (TTM) 18.05%
GM 27.36%
FCFM 6.4%
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)34.91%
ROICexgc(5y)29.9%
ROCE(3y)12.67%
ROCE(5y)12.04%
ROICexgc growth 3Y11.52%
ROICexgc growth 5Y4.64%
ROICexc growth 3Y-15.42%
ROICexc growth 5Y-8.97%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
F-Score5
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 8.45
Debt/EBITDA 3.07
Cap/Depr 37.85%
Cap/Sales 2.17%
Interest Coverage 250
Cash Conversion 51.21%
Profit Quality 35.43%
Current Ratio 1.14
Quick Ratio 0.75
Altman-Z 2.58
F-Score5
WACC8.53%
ROIC/WACC0.6
Cap/Depr(3y)74.81%
Cap/Depr(5y)83.81%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.96%
Profit Quality(3y)66.45%
Profit Quality(5y)76.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
EPS Next Y-4.02%
EPS Next 2Y3.65%
EPS Next 3Y6.52%
EPS Next 5Y11.59%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
Revenue Next Year-4.07%
Revenue Next 2Y-0.53%
Revenue Next 3Y1.33%
Revenue Next 5Y5%
EBIT growth 1Y-5.35%
EBIT growth 3Y-2.27%
EBIT growth 5Y-1.23%
EBIT Next Year21.46%
EBIT Next 3Y10.45%
EBIT Next 5Y8.53%
FCF growth 1Y-38.44%
FCF growth 3Y-42.28%
FCF growth 5Y-27.03%
OCF growth 1Y-29.2%
OCF growth 3Y-26.64%
OCF growth 5Y-15.1%

CARRIER GLOBAL CORP / CARR FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 4 / 10 to CARR.


Can you provide the valuation status for CARRIER GLOBAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.


How profitable is CARRIER GLOBAL CORP (CARR) stock?

CARRIER GLOBAL CORP (CARR) has a profitability rating of 5 / 10.


What is the financial health of CARRIER GLOBAL CORP (CARR) stock?

The financial health rating of CARRIER GLOBAL CORP (CARR) is 2 / 10.


How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?

The dividend rating of CARRIER GLOBAL CORP (CARR) is 5 / 10 and the dividend payout ratio is 18.56%.